Origination Programs

Mortgage Portfolio > Origination Programs

INFONAVIT,

Immediately after the origination of the credit, a portion of it is assigned to a financial entity. ‘Infonavit Más Crédito’ Program mortgages are subject to a rigorous credit evaluation process to check the eligibility of participants. The risk and performance of these portfolios is superior to those of the ‘Infonavit Total’ Program as the creditors of the ‘Infonavit Más Crédito’ Program have settled a first Infonavit loan on time and without delays, following increased income or improved credit history.

Immediately after the origination of the credit, similar to how the credits co-participated by FHipo under the ‘Infonavit Más Crédito’ Program work, a portion of credit is assigned to a financial entity. Mortgage credits of the Infonavit Total Program are subject to a rigorous credit evaluation process to meet the participants’ eligibility criteria. The interest rates of the Infonavit Total credits are fixed, and the credits themselves are established in VSM (Times Minimum Wage) or pesos.

Immediately after the origination of the credit, similar to how the credits co-participated by FHipo under the ‘Infonavit Más Crédito’ Program and the ‘Infonavit Total’ Program work, a portion of this credit is assigned to a financial entity. ‘Infonavit Total Social’ mortgage credits are subject to a rigorous credit evaluation process to meet the participants’ eligibility criteria. The program is aimed at workers with an income of 3.5 to 5.0 VSM (Times Minimum Wage), the interest rate is 12% and the credits are granted in pesos. FHipo has shown an interest in private sector participation in the funding of loans in Mexico’s middle- and low-income sectors.

FOVISSSTE

In 2016, Fovissste assigned FHipo trust rights over 7,144 current mortgage loans, without extensions or extension risk; of which, the accredited had a minimum of 6 months of continuous employment, where Fovissste was the sole and legitimate holder of the transferred portfolio.

YAVE

YAVE originates loans with mortgage guarantees through its digital platform, which has a debt collection system that functions through the use of direct debit. FHipo provides the resources for the financing of said mortgages by acquiring the rights associated with the originated loans, provided they comply with the Investment Guidelines of FHipo .